RentalScams.org is a must!

In 2007, the total cost of internet fraud was around $240 million in the U.S. There are many types of rental scams. HotPads.com and Craigslist warn against trusting "to good to be true" ads.

Some of the warning signs of possible fraud are very obvious, some are not. A few of the warning signs mentioned by ForRentByOwner.com are:

1. Emails are overly polite, very poorly written or express excessive eagerness to rent without having inspected the property.

2. Tenant does not send funds as promised or delays providing requested information.

3. Email is sent from another country or the tenant claims to live in one country but email is sent from another with inadequate explanation.

As a property manager listing your properties on various MLS(s) you should read the examples and postings on RentalScams.org in order to avoid making mistakes that could get your property accidentally placed on warning lists.